Coronavirus

Insight / EasyJet hit by cyberattack on 9m travellers

EasyJet has been the target of a major cyber attack which has seen hackers access details of nine million customers, including credit card details in a handful of cases

Insight / Covid-19: pensions accounting just got a lot harder

Volatility and growing gaps between pensions funding and accounting call for improved communication and engagement on all sides to avoid unwelcome surprises, says Phil Cuddeford, partner at pensions adviser LCP

Insight / Covid-19: unemployment soared to 2.1m in April

The number of people claiming unemployment benefit in the UK soared to 2.1m in April, the first full month of the coronavirus lockdown, the highest level since 1996

Insight / Covid-19: business loan scheme extended to £200m

The government has extended the maximum loan size available through the coronavirus large business interruption loan scheme (CLBILS) from £50m to £200m, but with restrictions placed on dividend and bonus payments by borrowers

Insight / Covid-19: business disruption and frustration of contracts

Many businesses will be looking at their contracts to check whether the pandemic can be used as a reason for failure to delivery or receive goods and services, but much will depend on how these contracts were originally constructed, says Gately Legal’s Rustam Roy

Tax / Q&A: restaurants providing delivered takeaway

In our regular Q&A series from Croner Taxwise, VAT adviser, Priyesh Mistry explains the VAT implications of restaurants providing a delivery service, whether they need to account for standard rate VAT and the liability of the delivery fee

Insight / HMRC to launch Coronavirus Statutory Sick Pay Rebate Scheme

HMRC will launch an online service on May 26 for small and medium sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees

Insight / Covid-19: FCA seeks business interruption insurance ruling

The Financial Conduct Authority (FCA) is urging SMEs who have experienced difficulties making claims under business interruption (BI) insurance policies during the pandemic to join its test case challenging insurers’ decision making

Insight / ‘Dear CEO’ regulatory warning letters hit a high

A record number of warning letters were sent to the CEOs of regulated companies by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) last year, with numbers up by a fifth according to research by BDO

Tax / Covid-19: HMRC inheritance tax pause opens opportunity

HMRC’s suspension of its inheritance tax investigations during the coronavirus crisis gives taxpayers an opportunity to get their affairs in order, said Pinsent Masons

Accounting / Covid-19: new insolvency rules will ease wrongful trading woes

As the government reveals new insolvency rules to help more businesses avoid entering an insolvency process and weather the Covid-19 storm, Kate Rogers of Radcliffe Chambers looks at how they will affect struggling businesses

Insight / Covid-19: over-55’s exposed to pension scams

Taxpayers over 55 looking to supplement their income during and after Covid-19 by accessing their pension pots could be leaving themselves increasingly susceptible to scams, RSM has warned

Insight / EFL football clubs to suffer most financial distress

Just a handful of British clubs were in peril before the shutdown but majority now face unprecedented financial distress in wake of coronavirus pandemic, according to Begbies Traynor

Insight / Covid-19: £1.6bn package for Transport for London

The government has agreed a £1.6bn funding and financing bail-out package for Transport for London (TfL), which operates the capital’s tube and bus network, in order to safeguard operations and support gradual recovery from the Covid-19 crisis

Tax / Covid-19: rules on home office expenditure relaxed

The government has bowed to pressure to address the additional costs of working from home during the coronavirus crisis, and has announced a temporary tax exemption and National Insurance disregard to ensure that home office equipment purchase by employees will not attract tax and NICs liabilities where reimbursed by the employer
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